HYOSUNG TNC
HYOSUNG TNC (KRX:298020) is a South Korea–headquartered subsidiary of Hyosung Group and the world's largest spandex/elastane manufacturer, producing CREORA spandex, MIPAN nylon, performance polyester, and regen recycled and bio-based fibers for global apparel, swimwear, denim, outdoor, and personal hygiene brands through direct enterprise sales and a textile mill partner network across 30+ countries.
- Company typePrivate
- Founded1966
- HeadquartersMapo, South Korea
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What HYOSUNG TNC does
HYOSUNG TNC is a South Korea-headquartered, publicly listed (KRX:298020) subsidiary of the Hyosung Group conglomerate that manufactures and distributes specialty textile fibers — spandex/elastane (CREORA), nylon (MIPAN), and polyester — serving global apparel, swimwear, intimate apparel, denim, outdoor, and personal hygiene brands through direct sales and a textile mill partner network. The company traces its fiber operations to 1966 (Dongyang Nylon), added polyester in 1973, and entered spandex production in 1992; it is positioned in the source materials as the world's largest spandex manufacturer by market share and operates more than 30 overseas branch offices.
The business model is anchored on B2B enterprise sales of branded fiber SKUs under multi-year contracts to brands and textile mills, priced via quote-based volume-discount structures, and complemented by a trading segment (steel and chemical materials) and an industrial real estate arm (Sevit Island, Gwangju Refrigerated Warehouse). Revenue model mix reflects textile fiber sales as the dominant stream with steel/chemical trading and a real estate tail. Technology is differentiated by a near-$1 billion integrated bio-based production system in Vietnam converting sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex within a single value chain, alongside GRS-certified regen recycled and bio-based fibers (Ocean Nylon, Polyester, Bio Spandex, Seoul/Jeju regional programs), with sustainability credentials backed by VIVE, SGS, ISO 9001/14001/45001, and product carbon footprint verification.
Recent strategic activity is centered on vertical extension into circular and bio-based inputs through partnerships with Geno (bio-BDO), Loop Industries and Ambercycle (textile-to-textile recycling), Lenzing (cellulosic blends), and ELITe, plus geographic and end-market expansion — most notably a new bio-based spandex product targeting the personal hygiene segment with sugarcane-derived feedstock and a dedicated Personal Healthcare Global Leader hire in July 2025. Go-to-market runs through enterprise field sales, a mill partner channel, specialized product contact channels, and global trade-show presence (ISPO Munich, Global Fashion Summit 2026 as principal sponsor, Kingpins, Performance Days, Interfiliere).
HYOSUNG TNC firmographics
Firmographics- Name
- HYOSUNG TNC
- Legal name
- HYOSUNG TNC
- Website
- https://hyosungtnc.com
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- HYOSUNG TNC (KRX:298020) is a South Korea–headquartered subsidiary of Hyosung Group and the world's largest spandex/elastane manufacturer, producing CREORA spandex, MIPAN nylon, performance polyester, and regen recycled and bio-based fibers for global apparel, swimwear, denim, outdoor, and personal hygiene brands through direct enterprise sales and a textile mill partner network across 30+ countries.
- Ownership category
- akta.pro rank
HYOSUNG TNC industry classification
Industry- Product category
- Synthetic Textile Fibers Manufacturing
- NAICS
- Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Textile Mills (313)
- SIC
- Textile Mill Products (2200), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221)
- akta.pro primary industry
- Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB)
- akta.pro secondary industries
- Regenerated & Recycled Fiber Production (rPET/rNylon/Regenerated Cellulose) (IMAOAMAD), Bio-based Materials & Fibers (e.g., cellulose derivatives, lignin-based materials, nanocellulose) (EUAAAIAD), Biobased, Compostable & Low-Impact Material Innovation (Bio-polymers/Dope Dyeing) (IMAOAMAM)
Keywords
Where HYOSUNG TNC is headquartered
LocationHeadquarters
- HQ city
- Mapo
- HQ country
- South Korea
- HQ region
- Asia
Offices3 records
Markets served
HYOSUNG TNC business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Textile Fiber Sales: Primary revenue from selling spandex/elastane, nylon, and polyester fibers under CREORA and regen brands to apparel manufacturers and brands
- Trading Business: Global trading operations for steel products (hot-rolled, cold-rolled, galvanized, automotive steel) and chemical materials including synthetic fiber raw materials, synthetic resin products, and biofuels
- Industrial Real Estate: Sevit Island development and Gwangju Refrigerated Warehouse operations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B enterprise pricing through direct sales |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
HYOSUNG TNC product offering
Product offeringCore offering
HYOSUNG TNC manufactures and globally sells man-made textile fibers including spandex/elastane (CREORA), specialty nylon (MIPAN), and performance polyester under CREORA, regen, and MIPAN brands, supplying apparel brands and textile mills across 30+ countries. The company operates an integrated bio-based production system in Vietnam that converts sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex, and offers GRS-certified recycled fiber lines (regen Ocean Nylon, regen Polyester, MIPAN regen robic). The company also conducts a global trading business in steel and chemicals and holds industrial real estate assets (Sevit Island, Gwangju Refrigerated Warehouse).
Product overview
Hyosung TNC is a complete sustainable textile solutions provider offering world-class products under two main brands: CREORA (spandex/elastane) and regen (sustainable fibers). CREORA is the world's largest spandex brand with specialized variants including recycled (regen), color-enhancing (Color+), comfort-focused (Comfort, eco-soft), performance-oriented (ActiFit, PowerFit), functional (Fresh, highclo, Shield), and specialty (Black, 3D Max) offerings. The regen brand encompasses sustainable fiber solutions including recycled materials (Ocean Nylon, Polyester, Ocean Robic Nylon, MIPAN regen) and bio-based alternatives (BIO Spandex) derived from sugarcane. The company operates an integrated bio-based production system in Vietnam converting sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex within a single value chain. Specialty nylon (MIPAN) and polyester complete the product portfolio serving activewear, sportswear, intimates, swimwear, denim, and industrial applications.
Differentiator
Problem solved
Functional benefit
Brands
- CREORA: World's leading spandex/elastane brand with the highest market share, offering innovative product lines including plant-based spandex (regen bio-based spandex) and recycled spandex (regen spandex).
- regen
- MIPAN
- CREORA regen
- Mipan regen ocean
Products and services
- CREORA Spandex/Elastane CREORA is HYOSUNG TNC's flagship spandex/elastane brand, the world's largest spandex brand by market share, supplying the broadest range of stretch fiber offerings for apparel manufacturers and brands across activewear, denim, intimates, swimwear, and outdoor applications.
- regen Sustainable Fibers regen is HYOSUNG TNC's GRS-certified sustainable fiber brand covering regen Ocean Nylon (from discarded fishing nets), regen Polyester (from recycled PET bottles), regen BIO Spandex (sugarcane-derived), and regional regen Seoul/Jeju recycling lines, sold to apparel brands seeking circular economy materials.
- regen BIO Spandex for Personal Hygiene First bio-based spandex specifically developed for the personal hygiene market, using sugarcane-derived feedstock verified under the VIVE Program, providing sustainable alternatives to fossil-based elastane in hygiene applications.
- MIPAN Nylon Specialty Fibers MIPAN is HYOSUNG TNC's specialty nylon fiber brand offering functional and sustainable nylon yarn solutions including the GRS-certified MIPAN regen recycled line and MIPAN regen robic, the first recycled high-tenacity nylon from reclaimed waste, sold to apparel and industrial fabric manufacturers.
- Performance Polyester Fibers HYOSUNG TNC's multi-function and sustainable polyester fiber line including recycled variants such as regen Polyester, essential to today's dynamic textile market and supplied to apparel brands and textile mills globally.
- Steel and Chemical Trading Global trading operations for steel products (hot-rolled, cold-rolled, galvanized, automotive steel) and chemical materials (synthetic fiber raw materials, synthetic resin products, biofuels), sold to industrial buyers under HYOSUNG TNC's Trading business division.
- Sevit Island and Gwangju Refrigerated Warehouse (Industrial Real Estate) HYOSUNG TNC's industrial real estate operations including the Sevit Island development and Gwangju Refrigerated Warehouse, generating service and rental income alongside the core textile and trading businesses.
Quantifiable outcome
- creora regen spandex reduces CO2 emissions by approximately two-thirds compared to conventional spandex (per third-party verified LCA)
- +2 more outcomes
Companies that use HYOSUNG TNC
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles2 records
HYOSUNG TNC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
HYOSUNG TNC partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- BBC StoryWorks Commercial ProductionsflagshipProduction of Fashion Redressed II documentary series exploring fashion industry sustainability transformations. Film follows sugarcane field to finished bio-based spandex journey.
- Global Fashion AgendaflagshipPrincipal Sponsor of Global Fashion Summit 2026 in Copenhagen. Participation in panel discussions, leadership roundtables, and Innovation Forum presence. Co-production of Fashion Redressed II video series with BBC StoryWorks.
- Lenzing GroupcoreCollaboration announced November 2025 for sustainable yoga collection combining Hyosung's regen sustainable fibers with Lenzing's cellulosic fibers. Joint marketing at Performance Days and product development for sustainable activewear and yoga wear.
- ELITe (Ester Loop Infinite Technologies)coreJoint venture between Ester Industries (India) and Loop Industries (Canada) partnered with Hyosung TNC to convert recycled polyester into performance yarns under Regen brand. Strategic alliance to expand circular polyester adoption.
- Loop IndustriescorePartnership to convert textile waste into materials for global apparel brands using Loop's patented depolymerization technology to produce rDMT, rMEG, and rPET resin converted to performance yarns under Hyosung's Regen brand.
- PleatsmamaminorThree-way collaboration with Hyosung and Loop Industries to pioneer circular fashion with Infinite Loop textile-to-textile recycling technology.
- AmbercyclecorePartnership to scale decarbonized, circular polyester by combining Hyosung's fiber manufacturing expertise with Ambercycle's textile-to-textile recycling technology for producing circular polyester fibers.
- GenocorePartnership for development of certified regen BIO Spandex using Geno's bio-based 1,4-butanediol (Geno Bio-BDO) technology. $1B invested in creating world's first integrated production of BIO Spandex from raw material to fiber.
- Textile ExchangecorePartner-level member of Textile Exchange, supporting industry sustainability goals and standards development for preferred fibers and materials.
- VIVE StandardcoreVerification program for sugarcane feedstock used in bio-based spandex production, ensuring sustainable sourcing credentials for brands.
- IKARminorCollaboration on CREORA EasyFlex Elastane seamless bodywear collection for Performance Days Munich 2026.
- Surfers Against SewageminorOcean network partnership for ocean protection initiatives and awareness campaigns related to ocean plastic pollution.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
HYOSUNG TNC competitors and assessment
Company assessmentOthers
Direct peers
- Far Eastern New Century: Taiwan-based polyester and recycled-fiber producer with significant rPET and recycled polyester offerings under TopGreen and other brands. Competes with Hyosung in regen polyester and sustainable fiber segments.
- Indorama Ventures: World's largest PET producer with a significant recycled-PET (rPET) fiber business under brands like Deja. Direct competitor in regen polyester and a potential rival for sustainable feedstock.
- Asahi Kasei: Japan-based materials manufacturer and direct competitor with Roica spandex/elastane, plus synthetic fibers and performance materials targeting the same apparel, intimates, and sportswear customers as Hyosung's CREORA portfolio.
- Teijin: Japanese materials company producing polyester fibers, aramid, and carbon fiber with growing sustainable and recycled textile offerings. Competes with Hyosung in performance polyester and nylon markets.
- Invista: Owner of the Lycra spandex brand and a major nylon (Cordura) producer. Direct competitor in stretch fibers and performance nylon, serving the same apparel and activewear OEMs as Hyosung TNC.
- Toray Industries: Global manufacturer of synthetic fibers including polyester, nylon, and spandex (Lycra competitor). Competes directly with Hyosung in performance and sustainable textile fibers across apparel and industrial end-uses.
Regional players
- Kolon Industries: Korean chemicals and materials company with industrial fiber and film businesses. Regional Korean peer with overlapping specialty fiber exposure and similar chaebol-era industrial DNA to Hyosung.
Emerging players
- Lenzing Group: Austrian leader in sustainable cellulosic fibers (Tencel, Lenzing Ecovero). Both partner and adjacent competitor — Hyosung's recent collaboration with Lenzing for yoga wear shows overlap in sustainable activewear fibers.
Broad incumbents
- Reliance Industries: India-based conglomerate with one of the world's largest polyester and textile businesses (Recron, R|Elan). Competes broadly with Hyosung's polyester yarn and sustainable fiber portfolio, especially in Asian markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
HYOSUNG TNC social profiles
Digital presenceHYOSUNG TNC compliance and trust
Trust signalCompliance7 records
HYOSUNG TNC financial estimates
Financial estimateRevenue estimate
Valuation estimate
HYOSUNG TNC leadership team
Management profileNumber of profiles
Profiles7 records
HYOSUNG TNC subsidiaries and ownership
Company hierarchySubsidiaries1 record
HYOSUNG TNC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HYOSUNG TNC M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HYOSUNG TNC
What does HYOSUNG TNC do?
HYOSUNG TNC manufactures and globally sells man-made textile fibers including spandex/elastane (CREORA), specialty nylon (MIPAN), and performance polyester under CREORA, regen, and MIPAN brands, supplying apparel brands and textile mills across 30+ countries. The company operates an integrated bio-based production system in Vietnam that converts sugarcane into Bio-BDO, Bio-PTMG, and Bio Spandex, and offers GRS-certified recycled fiber lines (regen Ocean Nylon, regen Polyester, MIPAN regen robic). The company also conducts a global trading business in steel and chemicals and holds industrial real estate assets (Sevit Island, Gwangju Refrigerated Warehouse).
Is HYOSUNG TNC a public or private company?
HYOSUNG TNC is a private company. It is classified as public and is currently operating.
When was HYOSUNG TNC founded?
HYOSUNG TNC was founded in 1966. It employs 1,001 to 5,000 people.
Where is HYOSUNG TNC based?
HYOSUNG TNC is headquartered in Mapo, South Korea, in the Asia region.
How does HYOSUNG TNC make money?
Three revenue lines are on record. Textile Fiber Sales are the primary driver. The others are trading Business and industrial Real Estate.
Who are HYOSUNG TNC's main competitors?
Shenghong Group is listed as an others. Direct peers are Far Eastern New Century, Indorama Ventures, Asahi Kasei, Teijin, Invista and Toray Industries. Kolon Industries is listed as a regional player. Lenzing Group is listed as an emerging player. Reliance Industries is listed as a broad incumbent.
Does HYOSUNG TNC have an API?
No public API is recorded for HYOSUNG TNC.
What industry is HYOSUNG TNC in?
HYOSUNG TNC's product category is Synthetic Textile Fibers Manufacturing. Its primary akta.pro industry code is IMAOAAAB, Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose), with a secondary code of IMAOAMAD, Regenerated & Recycled Fiber Production (rPET/rNylon/Regenerated Cellulose). Its NAICS code is 32522 and its SIC code is 2200.